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Llona invested $ 1 0 0 , 0 0 0 in an 1 8 - month certificate of deposit. She needed to cash in the
Llona invested $ in an month certificate of deposit. She needed to cash in the CD to meet some unexpected expenses. Llona earned $ in interest income from the CD but only received $ because the amount was reduced by a $ penalty for early withdrawal. As a result, Llona will report the $ as gross income, Blank
Multiple choice question.
and deduct the $ for AGI
but can only deduct the $ if she itemizes deductions
but the $ penalty is not deductible
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